3 Reasons Why London Is the Ideal City for Business

 Whatever you're looking for, you are sure to find it in London. There are many strong reasons why the ideal city for business United Kingdom is one of the most visited cities in the world. This cosmopolitan metropolis, though, is not only being welcomed by visitors. Every year London plays host to more and more enterprises.

Every day, new companies grow from a dream into reality. While the San Francisco Bay Area has held the undisputed status as a multinational start-up hub for a few years now, London is not that far behind in the aftermath of Brexit.

In recent years, with the exponential rise, inaccessible technologies and easy access to capital, the reality of developing your own start-up company is far more attainable, because now you don't even have to fly to Silicon Valley to do it. We think London is a fantastic place for entrepreneurs finding the right motivating climate (although we may be a little biassed).

Here are five reasons why consideration for any business, new or current, is a worthy option.

Get help from the U.K. government

The U.K. in the. It is particularly tolerant of small and growing companies, which makes the nation a promising prospect for entrepreneurs. It is reasonably easy to demand financial assistance, such as through the government-backed Start Up Loans programme. You may also take advantage of a number of services to reduce the tax burden faced by a new business, including R&D tax incentives, capital allowances and subsidised broadband. London is the safest location from which to navigate these and other help networks. There are many localised services that Londoners can take advantage of, from Enterprise Centres, where you can register for low-cost workspace, to development assistance initiatives and free business libraries.

Gain access to a diverse, skilled workforce.

It goes without saying that you will have access to a large pool of possible workers if you set up your business in a town of 8.1 million. What makes London stand out is its multi-ethnicity, in comparison to other major cities.

According to Confidence for London, 41 per cent of Londoners come from a black and minority ethnic community (BME), compared with just 10 per cent in the rest of the country. Diversity in the workplace helps you to appreciate both your customers more and, ultimately, to do better financially.

London's ethnic community is strongly educated as well. Only ask any new graduate from somewhere else in England. About a third of them travel to London after finishing their degrees. No surprise, then, that 24 per cent of inner London people are between the ages of 25-34. London is a place where you can recruit up-and-coming, talented talents who want to demonstrate themselves by increasing your business.

Service a wider customer base

It is no exaggeration to say that, with six international airports, 10 mainland transport hubs and a vast, iconic underground rail system, the infrastructure of London is among the best in the world. Strong foundations, of course, are good for a business. It's quick in London to offer personal support to millions of prospective clients within the city itself, around the UK. And round the world.

London's geographical role is uniquely advantageous. By sitting next door to mainland Europe, between the Americas and Asia, you will reach most big financial hubs in less than a day from London. It also allows, to name only a few, to overlap New York, Frankfurt, Singapore and Hong Kong, with London's time zone makes the working day of the area.

Pro-Tip

Accountants can help you build the legal structure of the business, can offer advice on accessing financing and can help in day-to-day record keeping. For business expansion, recruiting accountants in London would therefore be more effective.